- Between March 4 and March 5, the fear and greed index rose by eight points, up 10 points since the beginning of the month.
- The index reached a new high since February 2021.
On March 5, 2024, the Fear and Greed Index reached a value of 90 points, indicating that traders are “extremely greedy.” This is a new high since February 2021.
Over the past 24 hours, the index rose by eight points, and since the beginning of the month – by 10 points.
Note, according to Alternative, the last time the value of 90 points in the cryptoasset market was recorded in February 2021, and the historical maximum was on June 26, 2019 at 95:
According to Cointelegraph, the index collects data on six key market indicators, namely volatility (25%), market momentum and volume (25%), social media (15%), surveys (15%), bitcoin dominance (10%) and trends (10%).
To emphasize, the increase in the fear and greed index is parallel to the increase in the bitcoin price. On March 5, 2024, the first cryptocurrency tested the $68,500 level. At the time of writing, the asset is trading near $66,500:
